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n 20X7, aher the 20x8 annual financial statements had been issued, Marcella Stores Inc. discovered that a significant transposition error had been made in recording
n 20X7, aher the 20x8 annual financial statements had been issued, Marcella Stores Inc. discovered that a significant transposition error had been made in recording the ending Inventory for 20x8. The inventory had been recorded as $1,401,000 when sold have been $1,104,000. The average nome tax ate is 30% Required 1. Not avalable in connect 2. Prepare any journal entries that would be necessary in 20x7 to cormect this emoe (If no entry is required for a transaction ievent, select "No joumal entry required" in the first account field.) Journal entr worksheet Record the entry bo ajdust the eor ih inventory
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